Purpose Evergreen Capital (PEC), founded by Alexander Kühl and Armin Steuernagel, among others, and the Purpose Group, had initially raised nearly €30 million from around 20 investors to support mid-sized and purpose-driven companies seeking a transition into steward-ownership. These companies were thus able to buy back shares from minority investors or former founders in the course of the transformation, for example. Pensions for entrepreneurs who had seen the company as their retirement plan can and have also been made possible, clearing the way for steward-ownership.
For example, with PEC's support, organic mail-order company Waschbär, Dutch new work pioneer BuurtzorgT, U.S. organic wholesaler OGC, organic brands Arche Naturküche and MOGLi, and the toy maker of the multifunctional `Stapelstein`, joboo, are being or have already been transferred to steward-ownership. A detailed report on PEC's work and company can be downloaded here (in German).
Now that all capital will soon be carefully invested, while demand on the corporate side remains very high, PEC is looking for a Managing Partner who can shoulder the next phase of development with a larger investment volume with the existing team. A job posting can be found here (in German). We are looking for an individual with investment experience in mezzanine and private equity finance and entrepreneurial energy to play a key role in shaping PEC's next phase of development.